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10K -What to do with it

  • 16-09-2008 3:37pm
    #1
    QS THIS
    Closed Accounts Posts: 36 ✭


    Right lads, Ive 10k and no plans to drink or snort it, any ideas, this economy looks like its in the pan as i.m in the construction industry and its a nightmare

    Property is out, and to be honest everything else is aswell

    I know nothing about stocks and shares, wondering if you can help me out

    I dont wanna just look at it and miss th boat on something huge

    Ideas please

    Cheers


Comments

  • #2
    Idu
    Registered Users, Registered Users 2 Posts: 1,152 ✭✭✭Idu


    Read some books, do some research and try get a basic understanding of how the market works and why people fail with investments.

    Honestly you are better off learning these things and coming to decisions on your own about your money than from some guys on an internet forum. You will get good and bad advice on here but how would you distinguish between the two?

    If the markets were easy and cant miss investments were out there then everyone would be doing it and making a siht load of cash. But they're not.

    As a start you could look back over some of the similar threads about investing and give you a nod in the right direction.

    Best of luck with whatever you do and all the best with it.


  • #3
    Overature
    Registered Users, Registered Users 2 Posts: 908 ✭✭✭Overature


    hey man, give it to me!! ive no arms or legs and could sure use the money


  • #4
    SoCal90046
    Closed Accounts Posts: 192 ✭✭SoCal90046


    janets_on_clubs wrote: »
    Read some books, do some research and try get a basic understanding of how the market works and why people fail with investments.

    Honestly you are better off learning these things and coming to decisions on your own about your money than from some guys on an internet forum. You will get good and bad advice on here but how would you distinguish between the two?


    QS THIS, you've just received the best advice you could hope to get. It's often not what people want to hear, but, IMHO, it's well worth following.


  • #5
    Scottie99
    Registered Users, Registered Users 2 Posts: 1,289 ✭✭✭Scottie99


    If you are working in the construction industry and you think that your job is iffy I would just put your 10k into a high interest account with easy access.


  • #6
    pocketdooz
    Registered Users, Registered Users 2 Posts: 1,559 ✭✭✭pocketdooz


    Why don't you read back over the past posts of the last 3 weeks - this is about the 4th one of these posts - you should take the time to read previous posts in case your question has already been answered

    Good luck with whatever you do.

    Ps - Listen to J.O.C.


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  • #7
    OfflerCrocGod
    Registered Users, Registered Users 2 Posts: 6,334 ✭✭✭OfflerCrocGod


    Scottie99 wrote: »
    If you are working in the construction industry and you think that your job is iffy I would just put your 10k into a high interest account with easy access.
    Ditto. If your job is secure then you could look at fixed term savings bonds. Not exciting like shares but exciting is losing all your money.


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